Pacad Investment Ltd. reduced its stake in Hyatt Hotels Corporation (NYSE:H) by 19.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,600 shares of the company’s stock after selling 1,100 shares during the period. Pacad Investment Ltd.’s holdings in Hyatt Hotels Corporation were worth $259,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. James Investment Research Inc. bought a new position in Hyatt Hotels Corporation during the second quarter worth about $151,000. Federated Investors Inc. PA bought a new position in Hyatt Hotels Corporation during the second quarter worth about $216,000. UBS Asset Management Americas Inc. bought a new position in Hyatt Hotels Corporation during the fourth quarter worth about $227,000. Campbell & CO Investment Adviser LLC bought a new position in Hyatt Hotels Corporation during the second quarter worth about $232,000. Finally, Amalgamated Bank lifted its holdings in Hyatt Hotels Corporation by 2.0% during the first quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock worth $253,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 30.68% of the company’s stock.
Several research analysts have weighed in on H shares. BidaskClub lowered Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Stifel Nicolaus lifted their target price on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a report on Monday, May 15th. FBR & Co reiterated a “buy” rating on shares of Hyatt Hotels Corporation in a report on Monday, May 15th. Wolfe Research upgraded Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a report on Monday, July 10th. Finally, Robert W. Baird reiterated a “buy” rating and set a $68.00 target price on shares of Hyatt Hotels Corporation in a report on Friday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Hyatt Hotels Corporation currently has an average rating of “Hold” and an average price target of $57.76.
In related news, insider Don G.C. Trust #8 sold 42,146 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $59.55, for a total value of $2,509,794.30. Following the transaction, the insider now owns 42,146 shares of the company’s stock, valued at approximately $2,509,794.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard A. Friedman sold 8,654,050 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $57.58, for a total transaction of $498,300,199.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,704,160 shares of company stock worth $501,282,179. 27.51% of the stock is owned by insiders.
Shares of Hyatt Hotels Corporation (H) opened at 59.56 on Monday. The company has a 50 day moving average price of $57.35 and a 200-day moving average price of $55.79. Hyatt Hotels Corporation has a 52-week low of $47.94 and a 52-week high of $61.07. The firm has a market cap of $7.45 billion, a P/E ratio of 29.87 and a beta of 1.25.
Hyatt Hotels Corporation (NYSE:H) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.17. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm earned $0.64 EPS. On average, analysts expect that Hyatt Hotels Corporation will post $1.60 earnings per share for the current fiscal year.
Hyatt Hotels Corporation Company Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
Want to see what other hedge funds are holding H? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyatt Hotels Corporation (NYSE:H).
Receive News & Ratings for Hyatt Hotels Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels Corporation and related companies with MarketBeat.com's FREE daily email newsletter.